Regulation 3 Regulation 2

(1)

Amend regulation 2 (interpretation) as follows.

(2)

In paragraph (1)—

(a)

in the definition of “account investment”^f1—

(i)

for “or an innovative finance component” substitute “, an innovative finance component or a Lifetime ISA component”, and

(ii)

after “8” insert “, 8ZA”^f2,

(b)

after the definition of “CTA 2010”^f3 insert—

““current year payments” has the meaning given in regulation 10A(3)^f4;”,

(c)

after the definition of “eligible child”^f5 insert—

““eligible conveyancer” has the meaning given in paragraph 7 of the Schedule;”,

(d)

after the definition of “gilt-edged securities” insert—

““government bonus” has the meaning given in the Schedule;”,

(e)

after the definition of “lender”^f6 insert—

““Lifetime ISA” has the meaning given in regulation 4(1ZB)^f7;”,

““Lifetime ISA payment limit” has the meaning given in regulation 4ZA(1A);”,

““Lifetime ISA qualifying individual” has the meaning given in regulation 10A;”, and

(f)

after the definition of “plan shares”^f8 insert—

““qualifying addition” has the meaning given in the Schedule;”.

(3)

In the Table in paragraph (2) after the entry for “Qualifying investments for a cash component” insert—

“

Qualifying investments for a Lifetime ISA component 8ZA

”

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